Industry

Industry

The business side of tech. Analysis on tech giants, startups, market trends, emerging technologies, and policies shaping the IT landscape.

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Tech layoffs have already passed 100,000 in 2026 as the industry cuts jobs to fund AI

Meta, Cisco, Intuit, and PayPal lead a wave – 2026 is shaping up to be brutal
A hot potato: Tech sector job losses in early 2026 have already surged past 100,000, and the past month suggests the trend is not subsiding. While AI automation is likely not the sole cause, aggregated reports suggest it is the leading factor, with Meta's transition into an "AI-first" company headlining May's damage to the job market.
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Nvidia hits record $81.6 billion revenue as AI boom shows no sign of slowing

"Customers do not buy GPUs; they build AI factories"
What just happened? If the AI boom really is a bubble that will one day pop, it hasn't happened yet. Nvidia, the driving force behind the hardware powering most of the AI industry, once again surpassed Wall Street expectations in its quarterly results, hitting a record $81.6 billion in revenue.
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Elon Musk loses OpenAI trial after jury says he waited too long to sue

Musk says the ruling was a "calendar technicality" and plans to appeal
What just happened? Elon Musk isn't accustomed to losing, but the world's richest man just felt the sting of defeat in his trial against OpenAI, CEO Sam Altman, and President Greg Brockman. A federal jury said that Musk had waited too long to file his suit, which accused the defendants of violating an agreement to keep OpenAI as a charitable non-profit organization.
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